📉 XRP under pressure: a deep correction is possible
🐋 Large wallets have unloaded 700 million XRP — this could be a sign of profit-taking.
⚠️ The MVRV Ratio indicator has formed a “dead cross,” which often precedes a decline.
📊 Technical analysis:
The local downtrend continues.
The trend line acts as resistance — a false breakout could lead to another wave of decline.
The possible target is the 2.4–2.3 XRP zone, which corresponds to the flag pattern.
Anything below 3.5 could be a technical pullback before a further decline. Absorption of 3.5 and a fix above it would indicate buyer strength and trigger the scenario I published earlier with targets in the $4.2–4.5 zone.
